Status Introduces CommitETH: A tool for enabling community driven development models

Extending GitHub to allow for incentivized contributions to open source projects

Singapore, March 14, 2017. The development team behind
Status, the leading mobile decentralized web browser for Ethereum, is pleased to introduce CommitETH, a tool designed to foster open source software development. Our hope is that
CommitETH will not only create stronger incentives for developers to get involved with open source projects, but also provide greater utility to app tokens, and provide token holders with direct say in the development direction of projects in the ecosystem.

As the web continues its shift towards decentralized business models powered by blockchains and protocol tokens, CommitETH will play a vital role in the evolution of their governance models and decision-making processes.

With CommitETH (
https://commiteth.com/), holders of ETH, and soon ERC-20 tokens will be able to directly stake their holdings to drive the development of new features, the priority of bug fixes, and the implementation of integrations with other decentralized applications. This will have the impact of maximizing network effects and developer mindshare, expediting the rate of innovation and evolution across the Ethereum network as a whole.

At Status our mission is to make the decentralized web easy to access and interact with for all. The release of CommitETH marks the first step towards a decentralized organizational structure, by establishing a mechanism that will democratize our development, leading to a product created for the community by the community, something far more useful than we could build on our own.

The first release runs on the Ropsten Testnet, and developers and open source communities are encouraged to experiment and provide feedback.

About Status.im

Status is a messenger and browser to access the decentralized web of Ethereum. With the high level goals of preserving our collective right as humans to privacy, mitigating the risk of censorship, and promoting economic trade in a transparent, open manner, Status is building a community where anyone is welcome to join and contribute to the cause.

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Status is the source of this content. This press release is for informational purposes only and should not be viewed as an endorsement by CoinIdol. We take no responsibility and give no guarantees, warranties or representations, implied or otherwise, for the content or accuracy. Readers should do their own research before investing funds in any company.

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